The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012
The World Bank Group promotes small and medium-size enterprise (SME) growth through both systemic and targeted interventions. A critical challenge is to root the many activities now undertaken in this broad space in a clear understanding of the cha...
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| Format: | Publications & Research |
| Language: | English en_US |
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Washington, DC: World Bank
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/03/23169324/big-business-small-enterprises-evaluation-world-bank-group-experience-targeted-support-small-medium-term-enterprises-2006-2012 http://hdl.handle.net/10986/21191 |
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okr-10986-211912021-04-23T14:04:01Z The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 Independent Evaluation Group ACCESS TO CREDIT ACCESS TO FINANCE ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ADJUSTMENT COSTS BUSINESS DEVELOPMENT CAPITAL LABOR RATIO CAPITAL STOCK CASUAL WORKER CASUAL WORKERS COBB-DOUGLAS PRODUCTION FUNCTION CONSTANT RETURNS TO SCALE COOP CORPORATION DEFLATORS DEMOGRAPHIC CHARACTERISTICS DISCRIMINATION DISCRIMINATION AGAINST WOMEN DIVIDENDS EARNINGS EARNINGS REGRESSIONS ECONOMETRIC MODELS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EDUCATIONAL BACKGROUND EMPLOYEE EMPLOYMENT HISTORY EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROSPECTS ENTREPRENEURSHIP EXCESS DEMAND EXCLUSION EXPENDITURES FARMER FINANCIAL SUPPORT FIRM GROWTH FIRM SIZE FUTURE RESEARCH GENDER GENERAL EQUILIBRIUM HIGH UNEMPLOYMENT HOUSEHOLD CHARACTERISTICS HUMAN CAPITAL INCOME INNOVATION INPUT PRICE INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JOB OPPORTUNITIES JOBS LABOR DEMAND LABOR FORCE LABOR INTENSITY LABOR MARKET MEDIUM SCALE ENTERPRISES MICRO-ENTERPRISE MICRO-ENTERPRISE DEVELOPMENT MOTIVATION OCCUPATION ORGANIZATIONAL STRUCTURE OUTPUTS OVERHEAD COST PERMANENT WORKERS PHYSICAL CAPITAL PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH RECEIPT SELF EMPLOYED SELF-EMPLOYMENT SELF-EMPLOYMENT ASSISTANCE SKILLED PERSONNEL SMALL FIRMS SMALL-SCALE ENTERPRISES SME SME SUPPORT PROGRAMS SUBSTITUTION EFFECTS TOTAL COSTS TRANSITION ECONOMIES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT SPELL UNSKILLED LABOR VOCATIONAL EDUCATION WAGES WORKER WORKERS The World Bank Group promotes small and medium-size enterprise (SME) growth through both systemic and targeted interventions. A critical challenge is to root the many activities now undertaken in this broad space in a clear understanding of the characteristics and dynamics of SMEs role in the broader economy; and their actual and potential contribution to jobs, growth, and shared prosperity. A closely related challenge is to formulate clear strategies that connect interventions to intended outcomes and are accompanied by solid measurement systems that provide evidence of results and allow learning. Targeting means focusing benefits on one size-class of firms to the exclusion of others. Targeted support for SMEs is a big business for the World Bank Group, averaging around $3 billion a year in commitments, expenditures, and gross exposure over the 2006-12 periods. In the context of broader reforms, targeted small and medium-size enterprise (TSME) support can be a powerful tool and, given the size of the recent program, it is vital for the World Bank Group to use it effectively. Targeting SMEs is not an end in itself, but a means to create economies that can employ more people and create more opportunity for citizens to achieve prosperity. A thriving and growing SME sector is associated with rapidly growing economies. IEG s review of the SIP suggests that although it has high relevance, it is of doubtful efficacy and efficiency. MIGA s regular portfolio of TSME projects performs worse than other financial sector guarantees, and there is no evidence to determine their impact on SMEs. The viability and sustainability of SMEs investments, whether through SIP or the wholesale approach, could not be ascertained because of the lack of information on results and performance. 2015-01-12T14:47:33Z 2015-01-12T14:47:33Z 2014-03 http://documents.worldbank.org/curated/en/2014/03/23169324/big-business-small-enterprises-evaluation-world-bank-group-experience-targeted-support-small-medium-term-enterprises-2006-2012 978-1-4648-0376-5 978-1-60244-248-1 http://hdl.handle.net/10986/21191 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC: World Bank Publications & Research Publications & Research :: Publication |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO CREDIT ACCESS TO FINANCE ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ADJUSTMENT COSTS BUSINESS DEVELOPMENT CAPITAL LABOR RATIO CAPITAL STOCK CASUAL WORKER CASUAL WORKERS COBB-DOUGLAS PRODUCTION FUNCTION CONSTANT RETURNS TO SCALE COOP CORPORATION DEFLATORS DEMOGRAPHIC CHARACTERISTICS DISCRIMINATION DISCRIMINATION AGAINST WOMEN DIVIDENDS EARNINGS EARNINGS REGRESSIONS ECONOMETRIC MODELS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EDUCATIONAL BACKGROUND EMPLOYEE EMPLOYMENT HISTORY EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROSPECTS ENTREPRENEURSHIP EXCESS DEMAND EXCLUSION EXPENDITURES FARMER FINANCIAL SUPPORT FIRM GROWTH FIRM SIZE FUTURE RESEARCH GENDER GENERAL EQUILIBRIUM HIGH UNEMPLOYMENT HOUSEHOLD CHARACTERISTICS HUMAN CAPITAL INCOME INNOVATION INPUT PRICE INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JOB OPPORTUNITIES JOBS LABOR DEMAND LABOR FORCE LABOR INTENSITY LABOR MARKET MEDIUM SCALE ENTERPRISES MICRO-ENTERPRISE MICRO-ENTERPRISE DEVELOPMENT MOTIVATION OCCUPATION ORGANIZATIONAL STRUCTURE OUTPUTS OVERHEAD COST PERMANENT WORKERS PHYSICAL CAPITAL PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH RECEIPT SELF EMPLOYED SELF-EMPLOYMENT SELF-EMPLOYMENT ASSISTANCE SKILLED PERSONNEL SMALL FIRMS SMALL-SCALE ENTERPRISES SME SME SUPPORT PROGRAMS SUBSTITUTION EFFECTS TOTAL COSTS TRANSITION ECONOMIES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT SPELL UNSKILLED LABOR VOCATIONAL EDUCATION WAGES WORKER WORKERS |
| spellingShingle |
ACCESS TO CREDIT ACCESS TO FINANCE ACTIVE LABOR ACTIVE LABOR MARKET ACTIVE LABOR MARKET PROGRAM ACTIVE LABOR MARKET PROGRAMS ADJUSTMENT COSTS BUSINESS DEVELOPMENT CAPITAL LABOR RATIO CAPITAL STOCK CASUAL WORKER CASUAL WORKERS COBB-DOUGLAS PRODUCTION FUNCTION CONSTANT RETURNS TO SCALE COOP CORPORATION DEFLATORS DEMOGRAPHIC CHARACTERISTICS DISCRIMINATION DISCRIMINATION AGAINST WOMEN DIVIDENDS EARNINGS EARNINGS REGRESSIONS ECONOMETRIC MODELS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC SURVEYS ECONOMICS EDUCATIONAL ATTAINMENT EDUCATIONAL BACKGROUND EMPLOYEE EMPLOYMENT HISTORY EMPLOYMENT OPPORTUNITIES EMPLOYMENT PROSPECTS ENTREPRENEURSHIP EXCESS DEMAND EXCLUSION EXPENDITURES FARMER FINANCIAL SUPPORT FIRM GROWTH FIRM SIZE FUTURE RESEARCH GENDER GENERAL EQUILIBRIUM HIGH UNEMPLOYMENT HOUSEHOLD CHARACTERISTICS HUMAN CAPITAL INCOME INNOVATION INPUT PRICE INTERNATIONAL BANK INTERNATIONAL FINANCE JOB CREATION JOB OPPORTUNITIES JOBS LABOR DEMAND LABOR FORCE LABOR INTENSITY LABOR MARKET MEDIUM SCALE ENTERPRISES MICRO-ENTERPRISE MICRO-ENTERPRISE DEVELOPMENT MOTIVATION OCCUPATION ORGANIZATIONAL STRUCTURE OUTPUTS OVERHEAD COST PERMANENT WORKERS PHYSICAL CAPITAL PRODUCTION FUNCTIONS PRODUCTION PROCESS PRODUCTIVITY PRODUCTIVITY GROWTH RECEIPT SELF EMPLOYED SELF-EMPLOYMENT SELF-EMPLOYMENT ASSISTANCE SKILLED PERSONNEL SMALL FIRMS SMALL-SCALE ENTERPRISES SME SME SUPPORT PROGRAMS SUBSTITUTION EFFECTS TOTAL COSTS TRANSITION ECONOMIES UNEMPLOYED UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT SPELL UNSKILLED LABOR VOCATIONAL EDUCATION WAGES WORKER WORKERS Independent Evaluation Group The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| description |
The World Bank Group promotes small and
medium-size enterprise (SME) growth through both systemic
and targeted interventions. A critical challenge is to root
the many activities now undertaken in this broad space in a
clear understanding of the characteristics and dynamics of
SMEs role in the broader economy; and their actual and
potential contribution to jobs, growth, and shared
prosperity. A closely related challenge is to formulate
clear strategies that connect interventions to intended
outcomes and are accompanied by solid measurement systems
that provide evidence of results and allow learning.
Targeting means focusing benefits on one size-class of firms
to the exclusion of others. Targeted support for SMEs is a
big business for the World Bank Group, averaging around $3
billion a year in commitments, expenditures, and gross
exposure over the 2006-12 periods. In the context of broader
reforms, targeted small and medium-size enterprise (TSME)
support can be a powerful tool and, given the size of the
recent program, it is vital for the World Bank Group to use
it effectively. Targeting SMEs is not an end in itself, but
a means to create economies that can employ more people and
create more opportunity for citizens to achieve prosperity.
A thriving and growing SME sector is associated with rapidly
growing economies. IEG s review of the SIP suggests that
although it has high relevance, it is of doubtful efficacy
and efficiency. MIGA s regular portfolio of TSME projects
performs worse than other financial sector guarantees, and
there is no evidence to determine their impact on SMEs. The
viability and sustainability of SMEs investments, whether
through SIP or the wholesale approach, could not be
ascertained because of the lack of information on results
and performance. |
| format |
Publications & Research |
| author |
Independent Evaluation Group |
| author_facet |
Independent Evaluation Group |
| author_sort |
Independent Evaluation Group |
| title |
The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| title_short |
The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| title_full |
The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| title_fullStr |
The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| title_full_unstemmed |
The Big Business of Small Enterprises : Evaluation of the World Bank Group Experience with Targeted Support to Small, and Medium-Size Enterprises, 2006-2012 |
| title_sort |
big business of small enterprises : evaluation of the world bank group experience with targeted support to small, and medium-size enterprises, 2006-2012 |
| publisher |
Washington, DC: World Bank |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/03/23169324/big-business-small-enterprises-evaluation-world-bank-group-experience-targeted-support-small-medium-term-enterprises-2006-2012 http://hdl.handle.net/10986/21191 |
| _version_ |
1764447800864538624 |